Category: National
N$119 billion SOEs still begging for bailouts
By: Nghiinomenwa-vali Erastus STATE-Owned Enterprises continue to gobble up billions of taxpayers money in bailouts every financial year despite having a collective asset base valued at N$119 billions. Apart from ongoing bailouts, SOE’s have also been granted certain privileges known…
About 42% of Namibian Consumers Are In Financial Distress
By: Nghiinomenwa-vali Erastus A recent study from the Old Mutual Financial Services Monitor (OMFSM) has shed light on the financial distress faced by many working Namibians, who also express concerns about the country’s economic outlook. According to the OMFSM, only…
City’s Arbor Day Trees Uprooted by Thieves
By: Staff Reporter In a disheartening turn of events, all the trees and shrubs that were planted along Independence Avenue to mark Arbor Day 2023 have been uprooted and stolen, as confirmed by the City of Windhoek. These green additions…
Windhoek Urged to Accelerate Water Reclamation Plans
By: Hertha Ekandjo Minister of Agriculture, Water and Land Reform, Calle Schlettwein, has reiterated the need for the Windhoek municipality to accelerate plans to expand its water reclamation capacity to meet the growing demand. The minister said this amidst challenges…
AgriBanks’ Non-Collateral Loan Product Still Underutilised
By: Nghiinomenwa Erastus The Agricultural Bank of Namibia says its non-collateralised loan product tailormade to help communal and small scale farmers with needed capital is still underutilised about eight years after it was launched. When it was launched in 2017,…
Namibia’s Export Valued at N$74.9 Billion This Year
By: Staff Reporter Namibia’s export revenue saw a 5.3% growth between August and September this year, increasing from N$7.4 billion to N$7.8 billion, according to the latest merchandise report by the Namibia Statistics Agency. For the first nine months of…
Revived Rundu Abattoir Kicks-off With a Bang
By: Nghiinomenwa-vali Erastus The recently reopened Rundu Abattoir has recorded the slaughter of 632 cattle during August and September 2023, signifying increased demand for markets by Northern Communal Farmers. The Rundu abattoir has been dormant since 2014 and since its…
Namibian Phosphate Mining Faces Uncertainty … Developers Seek Government Guidance
By: Justicia Shipena The developers of a phosphate mining project in Namibia are seeking clear guidance from the government regarding the project’s future. Specifically, they are looking for direction on whether to proceed with its development or not. In a…
SOEs Bailouts Impacting Social Investments, says Shiimi
By: Justicia Shipena Finance and Public Enterprise Minister Ipumbu Shiimi has expressed concern that the continuous financial bailouts provided to state-owned enterprises are diverting resources from essential social investments. Shiimi raised the concern as he presented the mid-term budget review…
Water Director Apologises for Inoperable Boreholes … Urges Community Involvement
By: Annakleta Haikera The director of rural Water Supply and Sanitation Coordination in the Kavango West region, Ricardo Sikongo, has expressed his regrets for the hardship faced by residents due to the non-functional boreholes in the area. In response…